Associate, Macro Rates Repo & STIR Trader

About the role

Provide liquidity to clients in the repo market, responding to their needs and developing the franchise through consistent pricing, sales-friendly interactions, and professional outreach. Work collaboratively with Sales, Origination, Strategy/Research teams to identify trades with the right profitability and risk/reward balance.

Price and risk manage repo, synthetic repo (TRS, bond forward, T-Lock, XCCY, bond basis), collateral swaps, bonds, and other derivatives. Underlying repo securities will include DM, EM, MBS, and Credit.

Assist in building the Global Markets Franchise by developing key client relationships, both internally and externally. Maintain open communication with team and direct line management to resolve risk and P&L discrepancies and fulfill notification requirements.

Responsibilities

• Roll require ultimate familiarity with accounting, regulatory, capital treatment of products as well as liquidity, trade life cycle, and downstream systems.
• Write and present daily commentary to sales force and clients.
• Monitor market news and events and evaluate the risk and opportunities for clients and the firm's positions and strategy.
• Direct contribution to BNPP operational permanent control framework.
• Book trades in trade capture system, managing risk and P&L.
• Liaise with BNPP middle-office and back-office to facilitate and monitor settlements.
• Work with operational support functions by identifying and valuing all business and transaction-related risks, including market, credit, operational, compliance, legal, regulatory, and reputational risks.
• Confirm daily P&L.

Requirements

• Master's degree (US or Foreign Equivalent) in Mathematics, Computer Engineering, Computer Science, Software Systems Development, or a related field.
• One (1) year of experience in related occupation performing product trading or comprehensive structuring within Credit, Foreign Exchange, and Emerging markets.
• One (1) year of experience with:
  • Bond trading experience – Bond Future Basis
  • Programming skills – Python and VBA
  • Capital Market knowledge
  • FX experience – FX swap and XCCY
  • Bank regulatory knowledge
• FINRA Registrations Required: Series 7, 63. Must take and pass the exam within 60 days of hire.

Pay

$179,088.00 USD to $200,000.00 / year

Schedule

9am to 5pm, 40 hours a week (Monday – Friday)